SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: June 9, 1998
(Date of earliest event reported)
Commission File No. 33-92950
Chase Mortgage Finance Corporation
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Delaware 52-1495132
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(State of Incorporation) (I.R.S. Employer Identification No.)
343 Thornall Street
Edison, New Jersey 08837
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Address of principal executive offices (Zip Code)
(732) 205-0600
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Registrant's Telephone Number, including area code
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(Former name, former address and former fiscal year, if changed since last
report)
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ITEM 5. Other Events
Attached as an exhibit are the Collateral Term Sheets (as defined in the
no-action letter dated February 17, 1995 issued by the Securities and Exchange
Commission to the Public Securities Association) prepared by Chase Securities,
Inc. which are hereby filed pursuant to such letter.
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ITEM 7. Financial Statements and Exhibits
(c) Exhibits
Item 601(a)
of Regulation S-K
Exhibit No. Description
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(99) Collateral Term Sheets prepared by Chase
Securities, Inc. in connection with Chase
Mortgage Finance Corporation, Multi-Class
Mortgage Pass-Through Certificates, Series
1998-S3
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CHASE MORTGAGE FINANCE CORPORATION
June 9, 1998
By: /s/ Michael D. Katz
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Name: Michael D. Katz
Title: Senior Vice President
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INDEX TO EXHIBITS
Paper (P) or
Exhibit No. Description Electronic (E)
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(99) Collateral Term Sheets prepared by Chase E
Securities, Inc. in connection with Chase
Mortgage Finance Corporation, Multi-Class
Mortgage Pass-Through Certificates, Series
1998-S3
Chase 1998-S3
15 Yr Fixed Rate Collateral
Principal Balance $225,000,000 +/- 5%
Gross WAC 7.145% +/- 5 bps
WAM 178 +/- 2 months
Average Loan Balance $289,000 $300,000 Max
Wtd. Ave LTV 67.8% +/- 2%
Property Type Single Family & PUDs 92% Min
Condos 6% Max
Coops 3% Max
2-4 Family 2% Max
Owner Occupied 95% Min
Full Documentation 80% Min
Cash Out Refi 30% Max
Geographics 17% California Max
Expected Subordination 2.40%
Settlement June 1998
Delivery Variance +/- 5%
ALL NUMBERS APPROXIMATE
THIS INFORMATION IS FURNISHED TO YOU SOLELY BY CHASE SECURITIES, INC. AND NOT BY
CHASE MORTGAGE FINANCE CORPORATION ("CMFC") OR ANY OF ITS AFFILIATES. CHASE
SECURITIES, INC. IS NOT ACTING AS CMFC'S AGENT. THE INFORMATION CONTAINED HEREIN
WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE
PROSPECTUS SUPPLEMENT.
